Indigenous firms Flashcards
What is a key benefit of Indigenous Firms?
Job creation for Irish citizens
What is a benefit of strong indigenous firms?
Enhance economic stability
What are Indigenous Firms in Ireland?
Locally owned and operated companies, founded and managed by Irish residents.
Why are Indigenous Firms important to Ireland?
They create jobs, support local suppliers, and contribute to community development.
How do Indigenous Firms benefit Ireland?
They reinvest profits locally, benefiting the local economy and communities.
What is one benefit of Indigenous Firms in terms of entrepreneurship?
They create entrepreneurial role models and inspire other local entrepreneurs.
How do Indigenous Firms help with Ireland’s economic stability?
They lower reliance on foreign direct investment and reduce dependence on multinational corporations.
How do Indigenous Firms improve Ireland’s balance of payments?
They export goods and services, bringing in foreign currency.
Give an example of an Indigenous Firm in Ireland
Kerrygold
What does Kerrygold do?
It imports Irish butter around the world.
